KKR has signed an agreement to acquire a majority stake in Avantus, with it and existing investor EIG being sole equity investors.
Founded in 2009, Avantus owns a project pipeline of 30 GW of solar and 94 GWh of battery storage, primarily in the southwestern U.S. and California.
“To support an economy-wide energy transition, there is a need to significantly expand renewable energy generation by 2050 and enable grid electrification,” says KKR’s Charlie Gailliot.
“Because of these tailwinds, we see enormous opportunity for Avantus. The company’s impressive team and development track record, coupled with its mature project pipeline, set it apart from other renewables developers. We are delighted to support Avantus in realizing its full potential.”
Following the closing of the transaction, KKR will support Avantus in creating an equity ownership program for its employees.
Jefferies acted as sole financial advisor to KKR. KKR Capital Markets and Sumitomo Mitsui Banking acted as the lead structuring agents and arrangers of a development financing facility for the company. Scotiabank served as financial advisor to Avantus. Leon Betting India provides good betting opportunities from its mobile version and apps. You can use them to register, make financial transactions and bet in pre-match and in-play. There is a promotion for those who use the mobile app. All the bettor needs to do is to install the software on his Android or IOS phone. After that, activate the bonus in your personal account and collect Rs 500.
